News Formal

BlackRock Investment Institute 'modestly positive' on risk assets for 2020

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 66%

United States News News

United States United States Latest News,United States United States Headlines

BlackRock Investment Institute said on Tuesday it was cautiously rotating into cyclical assets, Japanese equities and emerging markets.

“We are modestly positive on risk assets," said Scott Thiel, chief fixed income strategist for BlackRock Investment Institute, citing as reasons a nudge higher in growth in the first half of 2020 and an

improvement in the"mood music" around protectionism.BlackRock was turning neutral on U.S. equities, was modestly underweight European equities and underweight European government bonds, said the firm at a media briefing.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Low interest rates should make 2020 another good year for SGD bond marketOUTLOOK 2020: Low interest rates should make 2020 another good year for Singapore dollar bond market
Source: BusinessTimes - 🏆 15. / 51 Read more »